1925-S California Commemorative Half Dollar Toner, MS65 PCGS. As a longtime numismatist and aficionado of toned coinage in particular, as I have advanced my grading skills further every year—I hope—I’ve learned to look at color and preservation separately, especially, of course, on Mint State coins. “Yes, yes, George, it has pretty color. Now look at the surfaces!” Although one can find nicely toned California halves in Gem condition for a price, it is harder to find them in a superior state of preservation such as this coin displays. One grade point finer, and they are quite a bit more elusive. We haven’t sent this one to CAC, but we probably should have …
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